Quanta Services is trading 14.7% up at $650.01 after reporting a significant second-quarter earnings beat and sharply raising its long-term financial targets.
- Revenue surged 41% to $9.6 billion, supported by a record backlog of $53.4 billion and intensifying demand for AI-driven data center and grid infrastructure.
- Management materially raised its full-year 2026 revenue guidance, citing powerful tailwinds from recent acquisitions and sustained investor enthusiasm for the energy transition sector.